Stein Mart, Inc. Assembles Team to Improve Performance and Explore Strategic Alternatives

Stein Mart, Inc. (NASDAQ:SMRT) today announced that a Special Committee appointed by its Board of Directors, together with management, have assembled a team to explore all opportunities to improve operating performance and identify potential strategic alternatives. The company has retained PJ SOLOMON as its investment banking and financial advisor and had previously engaged Alvarez & Marsal to review its operations for performance enhancements.

“Given the continuing challenges of the retail environment, it is prudent for us to review our strategic options while focusing on ways to improve our business,” said Hunt Hawkins, Chief Executive Officer.

Stein Mart has not set a timetable for completion of this process and does not intend to disclose further developments unless and until the Board of Director’s Special Committee has approved a specific transaction or otherwise determined that disclosure is appropriate.
http://ir.steinmart.com/news-releases/news-release-details/stein-mart-inc-assembles-team-improve-performance-and-explore

Related Posts

Bauer Media UK Strengthens Take A Break Brand With New Monthly Launch

Bauer Media UK has added a new monthly magazine to its real-life portfolio from the team behind best-selling women’s weekly, Take a Break. Following its success as a standalone title during 2020, Take a Break Pets today launches as a monthly* title. A must-read for animal lovers, Take a Break Pets is jam-packed with incredible real-life stories about all creatures great and small, top vet and trainer advice, puzzles and prizes. Readers will also enjoy fun quizzes, a pet-friendly recipe section, exclusive discounts, reader brainwaves, four-legged fashion, fiction, heart-warming photos and much more.

Wall Street Journal Kills Print Edition in Hong Kong

Wall Street Journal's Hong Kong edition will no longer be distributed after October 7 as the paper is moving to a digital only strategy. This is part of the paper's continued effort to scale back its print operations in Europe and Asia as it shifts savings and focus to digital. Luckily for the Wall Street Journal, digital has been on the rise with 1.27 million daily digital subscribers which is more than print subscribers. Click Read More below for more of the story.

MIDLAND Announces Strategic Acquisition of J.Schmid

MIDLAND, one of the nation’s largest independent packaging and paper distributors, today announced the acquisition of J.Schmid, a full-service branding and creative agency headquartered in Kansas City. Though it’s widely known as a leader in sustainable packaging, e-commerce packaging, distribution automation, and publishing and printing paper supply, MIDLAND is also growing in the area of performance – specifically, direct-to-consumer marketing and strategic consulting. MIDLAND’s commitment to strategic consulting began in 2019 with the acquisition of CohereOne, a Californiabased multichannel consulting and strategic services firm. “We always had a vision to expand our services beyond paper and packaging products, so we made the bold move of acquiring CohereOne to complement our core product offering. Our goal was, and is, to ensure a client’s message reaches the right people in the right places with strategic planning, campaign execution, digital integration and analytics. MIDLAND is thrilled with the performance of CohereOne, and excited to take our strategic consulting business to the next level by bringing J.Schmid onboard,” said MIDLAND’s Co-Owner and Executive Vice President of Publishing & Consulting, Jim O’Toole.
Back To Top
×Close search
Search